L1 Capital raises $63 million in equity for its third UK Property Fund

Key Takeaways:

  • Investors in Fund I are now receiving in excess of 7% net dividends per annum
  • Investors in Fund I have received over 20% uplift in NAV, two years after fund close

2019 was a successful year for L1 UK Property – of raising and deploying capital, paying a high dividend yields and generating strong capital growth across the portfolio.

 

About L1 Capital

The Fund’s strategy is focused on investing in tenanted and income generating modern residential apartment blocks in the major UK cities (no development or construction risk). The Fund typically achieves a meaningful 15-20% discount for bulk transactions compared to underlying individual apartment values. The Fund targets properties with significant scope to grow rental income and capital values through asset management initiatives.

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